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Danone Groupe
Corporate Summary:
Sales grew by nearly 8% in 2000 reflecting the consolidation of new acquisitions coupled with the divestment of lower-margin operations its grocery and container businesses as part of Danone's refined strategy. Danone also sold off its European brewery businesses Kronenbourg, Alken Maes and San Miguel; however, the impact was offset with the acquisition of McKesson Water in the US, Robust in China and various United Biscuits assets.
Improvements in operating profit over the review period were attributable to company synergies within procurement, information technology and research. Furthermore, the establishment of a New Business organization aided the smoother integration of new companies into the Group.
While at first sight net profit growth for 2000 looks low in fact, at just around 6% it would be the lowest rate of growth during the review period. However, net profit in 1999 included a net exceptional gain of FF190.2 million in capital gains on divestments, explaining the leap in growth in that year, and hiding the real growth in net profit for 2000.
Excluding for the effects of such an artificial boost, net profit experienced real growth of 9.2% in 1999 and 10.4% in 2000. Thus net profit grew at a faster rate in 2000 than in any previous year.
Contact Details:
Danone Groupe
7 rue Téhéran,
F-75008 Paris France
Tel: +33 1 44 352020
Fax: +33 1 42 256716
E-mail: info@danonegroup.com
Website: http://www.danonegroup.com/ | 
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